04/09/2012
Members in Motion: April 2012
News from FPDA Members
Tribute Inc. has announced the release of an online Distribution Management Software Business Value Calculator. The tool lets users calculate how much their own organizations can improve their bottom line by implementing an enterprise-wide distribution management system.
“Numerous industrial distributors do not realize how much time and money is wasted every day,” says Tim Reynolds, President of Tribute, “This tool helps them quantify that cost and identify the savings they could receive from deploying an enterprise-wide distribution management solution.”
Developed by Stratavant, a firm with expertise designing value calculators and ROI analysis tools, Tribute’s value calculator is based upon primary research conducted with industrial distributors and secondary research sources such as FPDA, ISD, NAHAD, NIBA, etc. Thanks to its intuitive design, users can easily generate results that show how a distribution management system can benefit their business. For example, using their company’s own data, users can calculate how much they can save over a three year time period in different areas such as warehouse and assembly labor, scrap material costs, inventory management, and more. This complimentary value calculator can be launched from www.tribute.com.
Parker Hannifin Corp. has acquired Snap-tite Inc., Erie, Pennsylvania. Snap-tite is a manufacturer of high-pressure fluid power components for oil and gas, industrial and research markets.
Snap-tite has annual sales of approximately $100 million and employs 500 people. The company has operations in Erie, Pennsylvania; Union City, Pennsylvania; Houston, Texas; and Wexford, Ireland. The acquired company will be integrated into Parker's Instrumentation and Fluid Connector Groups, both of which are included in the Industrial Segment. Approximately 64 percent of the sales will be reported as North America Industrial and 36 percent reported as International.
“This acquisition will allow us to extend our leadership position in fluid power and process control markets,” said John Greco, President of Parker’s Instrumentation Group. “Snap-tite has built a strong reputation particularly in the oil and gas and industrial fluid power markets, which are strategic markets for Parker. By acquiring Snap-tite we have expanded our offering into high pressure applications allowing us now to offer customers a broad suite of solutions across the spectrum of vacuum and pressure connections. The acquired product lines also help Parker fill some important niche product gaps within our fluid power markets. We are excited to welcome the Snap-tite employees to the Parker family and anticipate that our combined strengths will make for a compelling offering for our customers.”
Epicor Software Corporation announces that Peirce-Phelps Inc. of Philadelphia, Pennsylvania, has selected the Epicor® Prophet 21® wholesale distribution enterprise resource planning (ERP) solution as the IT backbone to advance its business to the next level.
Founded in 1926, Peirce-Phelps has grown to become one of the 20 largest HVAC distributors in the U.S., operating 16 branch locations throughout eastern Pennsylvania, New Jersey, and Delaware. The company’s primary product lines include HVAC, building automation, indoor air quality, and solid surface countertop materials.